Deal's proceeds will be used to market the company's software products
By Devika Patel
Knoxville, Tenn., July 27 - Epic Data International Inc. said it will conduct a C$1.2 million non-brokered private placement of stock.
The company will sell 6 million common shares at C$0.20 apiece, a 150% premium to the July 26 closing share price of C$0.08.
Proceeds will be used to market the company's manufacturing operations management software products, for product development and for general working capital.
Vancouver, B.C.-based Epic is a provider of manufacturing execution systems.
Issuer: | Epic Data International Inc.
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Issue: | Common shares
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Amount: | C$1.2 million
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Shares: | 6 million
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Price: | C$0.20
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | July 27
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Stock symbol: | TSX Venture: EKD
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Stock price: | C$0.08 at close July 27
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Market capitalization: | C$2 million
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